CWS Market Review – May 20, 2022
“I don’t expect the consensus to be right. I’m just surprised by how wrong it has been.” – Jim Bianco
This has been another unpleasant week for stocks. On Wednesday, the S&P 500 had its worst day since 2020. The index fell over 4%. The market fell again on Thursday and closed at a 14-month low. The stock market is getting close to being down by 20%, whic…